Solana Company Partners with Coinbase, BitGo, and Anchorage for $SOL Treasury Custody

The NASDAQ-listed firm holds over $500 million in Solana and has appointed three major crypto firms as custodians for its SOL-focused treasury.

SOL

Summary

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Terms & Concepts
  • Custodian: A financial institution or service that securely holds and manages digital or traditional assets on behalf of clients.
  • Treasury: A reserve of assets held by a company, often used for operational funding, investments, or long-term strategic purposes.
  • $SOL: The native cryptocurrency of the Solana blockchain, used for transaction fees, staking, and network governance.